Stellantis Awards Top Tech Start-ups for Innovation
Recognising innovation and successful collaborations, Stellantis acknowledged seven top-performing technology start-ups with the third annual Stellantis Venture Awards.
These awards underscore Stellantis' ability to deliver customer-centric technology and features, driving their Dare Forward 2030 vision of clean, safe and affordable mobility.
"We are dedicated to creating technologies that seamlessly integrate into people's lives," said Ned Curic, Stellantis Chief Engineering and Technology Officer.
"We are truly grateful to the start-ups that help us deliver technology that delights and enhances our customers' experiences."
The crucial role of start-ups in the EV industry
Start-ups play a vital role in the EV industry by driving innovation, increasing competition and accelerating the adoption of new technologies. They bring fresh perspectives and agility, enabling the rapid development and deployment of advanced battery technologies, charging infrastructure and EV designs.
Often focusing on niche markets and unique solutions overlooked by larger companies, start-ups foster diversity and inclusivity within the industry.
Start-ups attract significant investment, fueling research and development.
The influx of capital not only propels technological advancements but lowers costs, making EVs more accessible to consumers. Additionally, partnerships between start-ups and established companies like Stellantis can lead to synergistic advancements, combining innovative approaches with large-scale production capabilities.
Start-ups are essential in transitioning towards a sustainable, electrified future by pushing the boundaries of what's possible and challenging traditional automotive paradigms.
Stellantis as a partner
In promoting innovation, Stellantis, through the rapid implementation of start-ups' innovative solutions, has signed over 150 partnership contracts with start-ups in the past three years.
The collaborative approach ensures that cutting-edge technologies are swiftly integrated into its operations, enhancing its product offerings and customer experience.
Stellantis as an investor
With an initial investment of US$327m (€300m), the Stellantis Ventures capital fund focuses on early and later-stage start-up companies developing cutting-edge technologies for the automotive and mobility sector.
Since its inception two years ago, Stellantis Ventures has completed 14 investments.
The recognition of seven start-ups at the 2024 Stellantis Venture Awards was based on their impact on the customer experience, the novelty of their technology and its potential scalability within Stellantis, over three categories:
- Glanceable (France): Offers an AI-powered solution for customer experience that automatically centralises, analyses, and helps act on all consumer feedback using an intuitive interface and proprietary AI.
- Niron Magnetics (United States): Advances the manufacturing process for the mass production of permanent magnets based on iron nitride, free of rare earth and other critical materials. This innovation, using environmentally friendly materials, enables a revolution in the design of new electric motors and generators.
- Epitone (United States): At the forefront of automotive augmented reality innovation with its LiveWindow system, which enhances safety by projecting navigation and other crucial information onto the windshield in the driver's line of sight. This advanced technology integrates fully with various levels of autonomous driving.
- Voltbras (Brazil): Provides companies with innovative white-label EV charging management software for monitoring and managing the operation of EV chargers.
- Ample (United States): Offers a modular-designed drop-in battery-swapping system that can be integrated into EV without requiring a reengineering of the vehicle platform. Ample's modular solution delivers energy to multiple vehicle platforms using the same low-cost and fast-to-deploy swapping infrastructure.
- Wheel.me (Norway): A robotics and IoT company offering a pioneering solution to indoor mobility, specialising in autonomous wheels. By transforming existing infrastructure into self-driving robots, they help businesses enhance efficiency and productivity on their automation journeys.
- Emotiva (Italy): Dedicated to deciphering human attention and emotions with AI-powered technology that analyses customer reactions to enhance advertising effectiveness.
Stellantis' commitment to fostering innovation through partnerships with start-ups is a crucial aspect of its strategy to lead the EV market.
By recognising and supporting groundbreaking technologies, Stellantis ensures that it stays at the forefront of the industry, driving forward its vision of a sustainable, electrified future. The Stellantis Venture Awards are a testament to start-ups' vital role in this transformative journey.
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